Following a request on the italian forum (https://www.prorealcode.com/topic/rsi-normalizzato-con-bb/), I made this screener to apply the Bollinger Bands to RSI, so that they act a OverBought/OverSold tresholds.
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MyRsi = Rsi[9](close) //9 Rsi periods BBVal = 40 //40 BB periods BBdev = 2.0 //2.0 BB deviation BBavg = average[BBval,1](MyRsi) //BB mean (EMA middle line) BollUp = BBavg + ((std[BBval](MyRsi)) * BBdev) //BB Upper Band BollDn = BBavg - ((std[BBval](MyRsi)) * BBdev) //BB Lower Band x1 = MyRsi CROSSES OVER BollUP x2 = MyRsi CROSSES UNDER BollDN Signal= 0 IF x1 THEN Signal = 1 ELSIF x2 THEN Signal = 2 ENDIF SCREENER[Signal](Signal AS "1=↑, 2=↓") |
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Sube como trazar lineas de tendencias a tantas barras
interesting indicator !! Thanks for sharing!!!
Thank you 🙂